In Forex trading there is something called, a Mini Account, and it uses a different leverage calculation than a regular (100k) account. This is, instead of trading full-size currency lots (100,000 units), you’ll trade in lots that are just 1/10 the size (10,000 currency units), which in turn greatly reduces your risk. Pips in a Mini Account are worth, on…
Tag: Trading
Wealth Is Made By Focusing In Stocks
STOP. STOP trying to create the perfect trading system. There isn’t one. Phew..what a relief. Stop spending all those hours creating more and more trading rules and realize this: Money creation in the stock market is made from CONCENTRATION. That’s right. Trading the very best stocks atthe right time with enough capital to make a big difference. You must go…
Unearthing The Crazy World Of Futures Trading
You see them every day with a new and costly cell phone, driving every day in latest sports car, you hear of their super bonuses and hence decide to join the world of futures trading. Along with enormous bonuses and costly mobiles, futures trade mainly share two other traits: 1. High level of stress. 2. Huge risk. It is true…